IVV vs TFGZ
iShares Core S&P 500 ETF vs Thornburg Focus Growth Fund ETF
Which is better, IVV or TFGZ?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. TFGZ led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 46.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | TFGZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.79% |
| AUM | $850.0B | $12M |
| Dividend Yield | 1.09% | 0.00% |
| Holdings | 1,018 | 84 |
| YTD Return | +12.12%Best | +11.36% |
| 1Y Return | +12.53% | - |
| 3Y Return (annualized) | +21.54% | - |
| 5Y Return (annualized) | +11.93% | - |
| Top 10 Weight | 38.8%Best | 46.0% |
| Fund Family | iShares by BlackRock (US) | Thornburg Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Apr 1, 2026 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs TFGZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs TFGZ Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Thornburg Focus Growth Fund ETF (TFGZ) is an ETF from Thornburg Investment Management. Year to date, IVV is up 12.12% versus a gain of 11.36% for TFGZ.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while TFGZ charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.00% for TFGZ.
Holdings Overlap
17.7% of IVV's money is in holdings TFGZ also owns. 51.6% of TFGZ's money is in holdings IVV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 505 positions we hold weights for in IVV and 41 in TFGZ, against full books of 1,018 and 84.
What only one of them owns
Our book lists 21 positions for TFGZ that do not appear in our book for IVV (35.8% of the fund), and 485 for IVV that do not appear in TFGZ (81.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in TFGZ | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc | 3.06% | 10.77% | 7.71% |
| MSFTMicrosoft Corp | 5.95% | 6.39% | 0.44% |
| AVGOBroadcom Inc | 2.47% | 3.83% | 1.36% |
| METAMeta Platforms Inc | 2.44% | 3.84% | 1.40% |
| MUMicron Technology, Inc. | 1.55% | 3.44% | 1.89% |
| MAMastercard Inc | 0.73% | 4.01% | 3.28% |
| LRCXLam Research Corporation | 0.54% | 3.52% | 2.98% |
| SPGIS&p Global Inc. | 0.19% | 2.93% | 2.74% |
| MRVLMarvell Technology Inc | 0.32% | 2.64% | 2.32% |
| VRTVertiv Holdings Co | 0.13% | 2.54% | 2.41% |
51.6% of TFGZ is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or TFGZ?
IVV has an expense ratio of 0.03% while TFGZ charges 0.79%. IVV is the cheaper option, by $76 a year on a $10,000 investment.
What is the holdings overlap between IVV and TFGZ?
51.6% of TFGZ's money is in holdings IVV also owns. 51.6% of TFGZ's is in holdings IVV also owns. They hold 14 positions in common, counted across the 505 positions we hold weights for in IVV and 41 in TFGZ.
Which pays a higher dividend, IVV or TFGZ?
IVV yields 1.09% while TFGZ yields 0.00%, so IVV currently pays the higher dividend yield.
Is TFGZ better than IVV?
IVV has a lower expense ratio. TFGZ led over 1Y. IVV is less concentrated, with 38.8% of the fund in its ten largest positions against 46.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.